The$SOL /USDT pair is currently trading at $131.83, showing a slight increase of +0.30% in the last 24 hours. Despite this modest gain, the chart indicates that SOL has been experiencing some volatility. After reaching a recent high of $139.80, the price faced significant resistance, leading to a retracement to a low of $128.91. The coin is now trading in a consolidation zone, with traders likely waiting for a breakout to confirm the next direction.

The key levels to watch are $132.40 as the immediate resistance and $128.91 as the nearby support. A break above $132.40 could signal renewed bullish momentum, potentially targeting the previous high of $139.80 and beyond. However, if the price fails to maintain the current support and drops below $128.91, we could see a further decline, with the next key support around $127.62. Volume will play a crucial role in determining whether SOL continues its uptrend or enters a deeper correction. Traders should remain cautious and watch for signs of increased buying or selling pressure in the coming sessions.

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